Home A Loan

The number of homeowners taking out secured loans is set to slow down over the next five years according to analysts at Datamonitor. Over the past five years, the market for secured loans has increased by over 50%, however predictions indicate that loans secured against property will only increase at a rate of 5.3% a year up to 2009. Last year, ?0?16bn was borrowed by homeowners secured against the value of their property but according to Datamonitor this will rise to ?0?14bn a year by 2009. Datamonitor stated that the slowing demand for loans reflected a public perception of an ongoing "soft landing" for the UK housing market. Maya Imberg of Datamonitor said ??The rapid growth rates the secured lending market has enjoyed over the last five years are set to cool?0? View the rest of this article